TechFlow to TechFlow, on May 22, Josh Stevens, VP of Engineering at Polymarket, disclosed that with the collaboration of ZachXBT, Bitcoin Vietnam, and ChangeNOW, $164,000 of the $573,200 transferred due to a leaked private key has been frozen.
Josh previously stated that the incident was not due to any exploitation of Polymarket or UMA contracts, that user funds were safe, and that Polymarket.com was functioning normally. The problem stemmed from the leakage of a 6-year-old private key, which was present in an internal replenishment fund configuration, leading to the transfer of funds to the relevant address.
